Omega and Patek Phillipe Rig Watch Auctionsposted by MR WAVETHEORY at 10/08/2007 06:50:00 PM
On eBay, if you shill bid, ie bid on your own item, you get banned. At the auction houses in Switzerland, you're encouraged to do so! Amazing!
Watch makers are rigging their auctions to maintain the high prices consumers pay for their watches. Apparently, they want consumers to believe that watches are "investments." If that's the case, then this is no worse and no better than a pump and dump stock scam where a company inflates its stock price so it can sell stock to unwitting buyers!